Franklin Covey (FC) Upgraded by Zacks Investment Research to Hold

Franklin Covey (NYSE:FC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “

A number of other equities research analysts have also recently issued reports on FC. Barrington Research upgraded shares of Franklin Covey from a “market perform” rating to an “outperform” rating in a report on Tuesday. B. Riley restated a “buy” rating and set a $21.00 price target on shares of Franklin Covey in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Franklin Covey currently has an average rating of “Hold” and a consensus price target of $21.00.

Franklin Covey (FC) traded up $3.15 during trading on Tuesday, reaching $29.55. 207,200 shares of the company’s stock traded hands, compared to its average volume of 43,270. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.10. The firm has a market capitalization of $404.92, a P/E ratio of -72.07 and a beta of 0.82. Franklin Covey has a 52-week low of $15.20 and a 52-week high of $29.63.

Franklin Covey (NYSE:FC) last posted its earnings results on Thursday, January 4th. The business services provider reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.16. Franklin Covey had a negative net margin of 2.90% and a negative return on equity of 3.75%. The firm had revenue of $47.90 million for the quarter, compared to the consensus estimate of $43.47 million. During the same period in the prior year, the business posted ($0.29) earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. equities research analysts forecast that Franklin Covey will post -0.25 EPS for the current year.

In other Franklin Covey news, Director Joel Clinton Peterson sold 1,793 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $19.13, for a total transaction of $34,300.09. Following the completion of the sale, the director now directly owns 223,487 shares in the company, valued at $4,275,306.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.40% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Pembroke Management LTD lifted its stake in shares of Franklin Covey by 6.2% in the third quarter. Pembroke Management LTD now owns 963,872 shares of the business services provider’s stock valued at $19,567,000 after buying an additional 56,500 shares during the period. Vanguard Group Inc. lifted its stake in shares of Franklin Covey by 1.9% in the second quarter. Vanguard Group Inc. now owns 497,768 shares of the business services provider’s stock valued at $9,607,000 after buying an additional 9,279 shares during the period. State Street Corp lifted its stake in shares of Franklin Covey by 13.6% in the second quarter. State Street Corp now owns 201,339 shares of the business services provider’s stock valued at $3,884,000 after buying an additional 24,088 shares during the period. Teachers Advisors LLC lifted its stake in shares of Franklin Covey by 13.0% in the second quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock valued at $370,000 after buying an additional 2,211 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of Franklin Covey by 30.8% in the second quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock valued at $262,000 after buying an additional 3,200 shares during the period. Institutional investors own 49.68% of the company’s stock.

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Franklin Covey Company Profile

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

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